Investment Companies

FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.)

1.4 (12 reviews)
🇨🇦 Canada
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1.4
12 reviews
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About FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.)

FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) has been flagged by British Columbia Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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No negative balance protection

N
Nora V.
1 weeks ago

FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Excellent charting|Customizable dashboard

Cons: Currency conversion fee exists

Overnight fees excessive

E
Emma S.
2 months ago

The reporting at FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Intuitive for beginners|Fast support response|Transparent fees

Cons: Desktop app not available on Linux|Live chat only during business hours

Migration from old platform was a mess

J
John A.
5 months ago

After for close to eighteen months with FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Multi-device support|Good analytical tools|Fast execution

Cons: No phone support on weekends|Slow to add new assets

Scam alert - They took my money

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Nathan C.
5 months ago

I invested $500 with FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to British Columbia Securities Commission.

Pros: Professional looking website

Cons: Blocked my account|No legitimate license|Fake returns

Web platform does not work on Safari

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Amber E.
5 months ago

I am in a dispute with FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Regular updates|API access

Cons: Spreads widen during volatile periods

Stay far far away

M
Megan K.
7 months ago

Customer support at FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.

Pros: Clean UI|Competitive fees|Smooth onboarding|Fast deposits

Cons: Research section could be deeper|Limited social trading features

Stay far away from this company

D
David H.
8 months ago

I was contacted by FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.

Cons: Withdrawal fees demanded|Communication cut off|Not authorized

Not regulated - verified this myself

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Lisa C.
8 months ago

Several red flags with FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.): (1) They promise unrealistically high returns, (2) They're not registered with British Columbia Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.

Cons: Not registered with regulators|Unrealistic promises

This company needs to be investigated

C
Charles J.
9 months ago

Do not be fooled by the professional-looking website. Behind the scenes, FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.) is disorganized and incompetent. I found them through my accountant's suggestion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Fast deposits|Market news feed

Cons: No fractional shares|Desktop app not available on Linux

Do your due diligence first

S
Steven P.
10 months ago

For anyone considering FairMarkets (No relation to the Australian licensed firm Trive Financial Services Australia Pty Ltd.), please be aware that this company has been flagged by British Columbia Securities Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.

Cons: Appears in regulatory warnings database|Uncertain regulatory status